2012-12-02
2012-12-10
x CNBC
x steve liesman

PROGRAM
Closing Bell With Maria Bartiromo 2
Squawk Box 2
Squawk on the Street 1
STATION
CNBC 5
DATE
Dec 6th (Thu) 2
Dec 5th (Wed) 2
Dec 7th (Fri) 1
LANGUAGE
English 5
TOPIC
boehner 5
geico 5
steve liesman 5
washington 5
apple 4
bob 4
s&p 4
sandy 4
steve 4
china 3
cnbc 3
europe 3
geithner 3
hawaii 3
new york 3
rodger 3
( more )

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CNBC - Closing Bell With Maria Bartiromo
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Dec 5, 2012
CNBC
Closing Bell With Maria Bartiromo
more/borrow
Dec 5, 2012


it be a 37% number? >> what we've proposed is to let the rates go back to the clinton era, which was a very good time. we think that's the mix. we think that makes the most sense. as i've said before, i'm very skeptical. there's a different way to do it that works economically. >> just as i understand it, not raising rates on the wealthy is something that you would be prepared to go all the way on in terms of going over the cliff. if the 39.6 number -- >> let me say it differently. congress needs to extends those tax cuts for all americans. they need to make sure no american who makes up to $250,000 a year is seeing their taxes go up. that's the most important thing people can do. remember, our obligation is first do no harm. we need to lift that threat over the economy. as part of that, along side that, we'd like to put in place, as i said, a carefully designed balance of reforms to put us on a path to sustainability. as long as there's recognition on the other side that those rates are going to go up at the end of this year, then we think we can reach an agreement on a set of reforms, as
CNBC - Squawk Box
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Dec 6, 2012
CNBC
Squawk Box
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Dec 6, 2012


to the clinton era rates is, we're going to do -- >> you might not get the benefit if you don't do anything to the deficit you're talking ten times the revenue if you go below the 98%. you can't return to clinton prosperity only raising taxes on 2%. it's different for all taxpayers. am i right? >> you're almost entirely wrong. >> why would raising just on the 2% get us back to the clinton prosperity you're talking about? we can't return to the spending levels either. >> getting to a sound fiscal position is necessary to protect the economy. if we don't do that, as this economy recovers, that recovery is going to be aborted and that's going to do damage. then the question is how you get there, and the president believes that we should raise revenues with a tax system that has been proven in the past to go along with very substantial -- >> you can't conflate the two. you have the entire -- >> joe, joe, if you go back to this, i'm not sure what you're arguing. >> raising on 2% is different than the other structure. >> the reason it's different is that the tax rate on everybody else is going to
CNBC - Closing Bell With Maria Bartiromo
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Dec 6, 2012
CNBC
Closing Bell With Maria Bartiromo
more/borrow
Dec 6, 2012


a compromise that isn't necessarily clinton era tax rates, something in between. but it looks like the makings of a deal. with every change on the republican side, more and more likely to happen than not. >> all right. we'll see about that. we'll be watching. obviously, very, very important for the markets. thanks. see you later. >>> let's get to bertha coombs. one company with big moves after the bell. over to you. >> maria, amarin is falling after the bell. some had suspected them to solicit a bid to buy itself out. it has a drug that's a fish oil drug that's prescription. they say they're hiring a sales staff and they still expect to present more details to the fda in february 2013. some disappointment, clearly, there. maria. >> thanks so much, bertha. we'll keep watching that. >>> up next, the stock market and america. steve liesman up next with surprising new results from the exclusive cnbc survey. >>> and then as the lawsuits fly over hewlett-packard's autonomy mess, i'll talk with the ceo of deloitte and their role in looking over the books. ally bank. why they have a raise your rate cd
CNBC - Squawk Box
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Dec 5, 2012
CNBC
Squawk Box
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Dec 5, 2012


for progressives, just to do it. to go back to the clinton era rates. you get rid of three quarters of the deficit just on tax increases at that point. >> and he says you get defense cuts. >> you can't get defense cuts any other way. and he's not the only one. there's a lot of people on the left and there's quite a few people on the right. i'm glad you're optimistic and a lot of ceos and guys in your position -- if you run a company, you don't need consumers petrified and business people petrified. this is the last thing we need if you run a company. i understand you have a horse in the game. >> but you also have the double trigger. if you go over the cliff, we've got the debt ceiling fight right afterwards. it's not like that's six months down the line. that's in if first month, six weeks of the new year. >> the other thing, depending on where you stand, the idea that we just get rid of congressional approval of the debt ceiling at all, which is that ludicrous proposal that was in the president's plan. that's not -- and would you really want that? would you really want not having any more oversig
CNBC - Squawk on the Street
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Dec 7, 2012
CNBC
Squawk on the Street
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Dec 7, 2012


of president clinton's former chief of staff. since then there's been no counteroffer from the white house. instead reports indicate that the president has adopted a deliberate strategy to slow-walk our economy right to the edge of the fiscal cliff. instead of reforming the tax code and cutting spending, the president wants to raise tax rates. but even if the president got the tax rate hike that he wanted, understand that we would continue to see trillion-dollar deficits for as far as the eye can see. listen. washington's got a spending problem, not a revenue problem. if the president doesn't agree with our proposal, i believe that he's got an obligation to families and small businesses to offer a plan of his own, a plan that can pass both chambers of the congress. we're ready and eager to talk to the pretty about such a plan. >> speaker, you did speak with the pretsident earlier this wee. can you talk about that call? also we understand that he's making clear that it's got to be increasing rates for the wealthy or no deal. are you willing to give a little bit, maybe not all the way to 39.

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